The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-13

.ie.' tradins. Daring de hrst hOsr July
held stsady around S<t0Sss., June spened
:, s2e and sold sp to s-1ze in the same 6ne.
frst tide spurt at the opening. Shortly
after II o'clock the crow Of "tailsrs-on,"
who usual y try to set even On the market
during the last half OF the sAturd y session,
began 10 sell . little wheat. II was IsoR
scramble 10 sell followed, which ain 81
resolted in q panic and sent prices for the
active option July OF nearly 80. The usual
indisvosition TO cSrry sry trades spsn ever
fore the panic commenced, hut When lair
quantities Of wheat wers offered tor sale
prices did downward ~ rapidly from S5tic
down to Axs; the decline was cont nuous
and huotastioDs were fully tcsaeh time; ct
to $40. When the next decline took ri acc
July went down to 6Sl4c, bItrallied to $40,
aud bestme messurably steady around
SIZE. All OF the other options declined in
tbs same ratio except June. This option WAS
the other months only brought = decline Of
10 20 June Ii declined nom sac 10 e2l<c-
The third break in July wheat occurred less
thau halt an hour before the board clio sei.
SEINE time; bat, as on the two prsvi-
Gus breaks, there was no, support
to the market and prices asain b'sks o..
The last break sent July down t. $40. or
nearly 10 below the prices prevailing At the
open ins Of the bo,rd !. Just before the elo'e
the CLIQUE began TO buy. aud prices ran up
rapidly from s51ic to s3ke Tbs elo.e was
firm At IL ct price. Four hundred apd AZ y
six cars OF wheat were inspected today, and
vessel room { n 62l ,0O bushels was engaged.
Corn ruled fairly active. with the feeling de-
oidedly weaker. There was considerable
long corn en- the market, which, with the
decline in wheat, had depressing efsot.
The market opened at about tue sssing
then ruled weak, declin ing with slight fuc-
tuations, and closed 14tsssc lower than yes:
terday. July opened at SSh@3SsSc and
closed at $50 dSS4c. Oats were dull and
weak. Speculative, orders we're rather
to attract the attention of the operators.
Cash quotations wefo as follows: -Four
nothing doing and market quiet without
change No. 2spfing wheat, 92gg sAc; No.
spring wheat, ISc; No. 2red,j, &c; No. 2
No. barley. 500; Mol faIsei d, q lsiS;
ins futures ranged. as follows: Wheat,'
No. 2-yune opened at g2c, hiEhesl 121sc,
lGwest gi%c' olSS.i1E e. Ac July opSsnsd
slosiDE At sSjlc; August opened a, $40,
highest s21<c, lowest 1910. closing AZ
S03Sc; September opsnc.d at sly, highest
slAc. lowest 791sc,, closing at SO5sc. Corn,
lowest Sc, closing az SIC; July opened at
SS1lc, b, CHEST SSXc. Iowest 5Sc, closing at
S'1sc; August opened at S9.Sc, highest $3.50,
lowest 391sc, closing at 3g1c; September
opened at.401Sc, highest 1915, lowest 400,
closing At 4O1sc Oats, No. 2-June opened at
$3.50. highest 25sSc, lowest 21sc, closing Mt
2514c; July opened at 2f1zc, highest 26l4c, low
est $40 closing At 25zsc; August opened at
21ssc, highest 26xc. lOwe.t 80, closing at
251Se; september opened at 259sc, highest
251fc, lowest 2416c, olosipg a. 2i5sc. Receipts
Flour, IL ,0C0ibrls; wheat, 10000 bu: corn,
l06, COO bu; oats, 100000 bu; rye. 200 bu;
barley, 5000 bu. Shipments-Flour, IA 900
hrls; wheat, n, 900 bu; corn, 245 900 bu; oats,
29j. 900 bu; rye, none; barley, 1000 bu.
BALTIMORE, MD, June 1l.-Whsat--
lower, closing dull. Corn lower aud du |.
Oats easier and dull. Receipts -Flozr, 1857
brls; wheat, $40 0 bu; corn, 1900 ba: oats,
! 900 ,bu; rye, SO blu. Shipmsnts-Flsur.
8, 9l3 brIs.